How Creating Problems for NYSE Harms Poor and Middle Class People Too

According to a video supposedly released by Anonymous, the Anonymous organization intends to "erase" the NYSE from the internet on October 10 (tomorrow) in protest against the arrest of protesters in Manhattan. So, what happens to the average working class man and woman when this happens? What happens to the hard-working farmer and the little old lady down the street?

Maybe Anonymous isn't thinking far enough into the outcome of what they plan, or maybe they really just don't care as much for the plight of the poor and middle class as they are leading the people to believe.

The banks aren't the only ones that make money from the NYSE and the rest of the world's exchanges. With the ease of access to investing provided by the internet and investment platforms, people from all economic classes and all walks of life trade daily on the markets from the comfort of their own homes. For those who do not have the skills or time necessary to properly manage their own portfolios, they entrust their financial futures to 401(k) plans, mutual funds, exchange traded funds and so forth.

If Anonymous is successful in "erasing" the NYSE from the internet, as proposed, then the majority of poor and average class Americans and foreign residents, small mom and pop businesses and self-employed farmers, truck drivers and so forth stand to lose everything that they have set aside for their retirements. They stand to lose their life's savings through the pandemonium that will be generated amongst institutional investors and hedge funds by a market shut-down/disruption of this kind.

I wonder what effects such an illegal act by Anonymous would have on the cost of goods at the grocery store for the average American. The prices of much of what we consume is influenced and controlled by the commodities market. What kind of impact would an attack on the NYSE have on the commodities market?

I'm not certain, but I am willing to bet that the prices of commodities would most certainly go up (not down) in such a crisis. And so, if Anonymous is successful in erasing the NYSE then the people of America will be able to thank Anonymous for skyrocketing prices for the foods that they need in order to survive.

I'm curious as to what your opinions are in regards to this. Do you contribute to a retirement plan which, in turn, invests your hard-earned dollar in stocks? Do you know any little old ladies who worked and saved all their lives, who now live on fixed incomes supplemented by dividends yielded from their wise investments over the decades? What about your children? Do you have interest-earning portfolios set up for them so that you can afford to send them to a good college when they come of age?

Are you willing to destroy the lives and dreams, the hard-earned savings of your family and friends all for the sake of blindly following some radical group of hackers that call themselves Anonymous?

Think about it.

I don't, but my mother does, and she's had her life-savings nearly wiped out anyhow. I think that's kind of their attitude. A lot of the people that you're talking about have lost so much that losing a little more won't really make that much of a difference, anyway.

Besides, markets go up and down all the time. It's not like they're going to be able to stop it for good, at least I don't think they are, and I hope that these people aren't delusional enough to think that they can.

These ideas are always funny.

I go out and demonstrate in my locale, and people automatically assume I'm jobless and have no aspirations.

Not that it directly relates here, but, isn't our occupation in the Middle East hurting thousands of civilians and causing plenty of real pain to them?

Maybe you're not thinking far enough ahead?

In war there will be casualties. And unfortunately, the peoples war against the beast machine with no face, the Illuminati, the corporations, the compromised government, whomever you want to call them are the enemy and they should be opposed, someone has to do it.

reply to post by Underworlds


Your title should read like this:

NYSE Harms Poor and Middle Class People

... period!

I'm a small business owner - I own a restaurant - and my wife and I have been setting aside a portion of our earnings regularly into a self-directed investment account. I've made some good investment decisions over the past year, or so, and I've made some bad decisions. I know a lot about the market going up and down, but I have never seen it as erradic as it has been these last three weeks since the OWS protests started. Since the start of this protesting, my wife and I have lost one-third of our savings. We attribute that loss to the protesters. Our restaurant is also on the verge of going out of business after ten years of operations since our customers, mostly professional businessmen and women, are also losing their life savings and cannot afford to go out to eat as much as they used to do.

Thanks to the immaturity of the OWS protesters and the radical economic terrorism of Anonymous, my wife and I stand to personally lose everything that we've worked so hard for over the years. Soon, we will have to begin laying off cooks, servers and dishwashers which will just add to the ranks of the unemployed. When we finally do go out of business due to this stupid protest, other small companies that we do business with will (of course) lose our business, thereby creating economic hardships for them.

It's a domino effect. In the city where I live, I know several other business owners that are also contemplating going out of business due to the losses that they have suffered over the past few weeks since these protests started.

I blame Anonymous and all that stand with Anonymous in these protests for the financial losses to myself and my business. I can only pray that once order is restored to our government the economic terrorists behind this mess are arrested and imprisoned for acts of terror against America.

Just think about it... if people are made jobless and homeless because of these acts of terror, if financial ruin is brought to the businesses of America, if people can no longer afford to pay their heating and cooling bills and fall victim to the perils of harsh weather because of these protesters and the illegal acts of Anonymous, then aren't these terror acts at least equal to if not greater than the terror wrought upon NYC and America on Sept 11? So what if the casualties are spread out across the nation instead of being heaped upon one another within the confines of a crumbling skyscraper. So what! It is still terrorism.

reply to post by Underworlds


Unfortunately it is not in the interest of everyone that your business and money take higher priority than starting a revolution with aims to reconstruct the way we handle socioeconomic issues.

Originally posted by b3l13v3
In war there will be casualties. And unfortunately, the peoples war against the beast machine with no face, the Illuminati, the corporations, the compromised government, whomever you want to call them are the enemy and they should be opposed, someone has to do it.

So, the NYSE is one of "the enemies" that you speak of? What exactly did they do to become the enemy? Is it because they make it possible for you, me and every other person on the face of the earth to invest in the growth of companies so that people can have places to work at for their own prosperity? Is it because they afford everyone, without discrimination for the color of their skin, the religion of their hearts, the handicaps and infirmities of the flesh, the opportunity to invest for their futures and the futures of their children so that we can have better lives?

"Banks got bailed out, we got sold out!"

That is the most popular chant of the OWS protester. Who bailed out the banks? It wasn't Wall Street that bailed them out. It was the politicians. And if you go back and watch the hundreds of videos from the past years you'll see that the majority of the politicians supporting the bailouts were of the Democratic Party, even in defiance of Republican opposition or insistance for oversight.

So, who sold out the American people? The politicians. Not the banks, and certainly not the NYSE.

Originally posted by greenCo
reply to post by Underworlds

 

Your title should read like this:

NYSE Harms Poor and Middle Class People

... period!

What a jokester you are. The only thing that the NYSE does is enable people, including the poor and middle class, to buy and sell stocks in companies. If a person is not knowledgeable enough to invest, it isn't the fault of the NYSE. It is the fault of the individual for not learning how to invest, and the fault of the education system for not teaching the individual as a child how to invest. And if a person is not able to invest because he spends his life in a welfare or food stamp line instead of trying to obtain gainful employment, that certainly isn't the fault of the NYSE either. You can blame that on the individual for being too lazy to look for a job, and you can blame the socialist agenda of the liberal left for creating an entitlement society where they should have been creating a society of working men and women.

Fool me once...

They wiped out my 401K already, but that only made me wiser and more vigilant. Maybe if the rest of the "middle class" got wiped out as well, they'd finally see what many of us have already learned the hard way and they'd stop supporting these crooks and the government that enables them and we'd finally some real change, reform, and action around here. With progress comes pain. Getting out of this mess isn't going to be easy for anyone on any level...except for perhaps that 1% everyone keeps talking about.

Originally posted by b3l13v3
I go out and demonstrate in my locale, and people automatically assume I'm jobless and have no aspirations.

What are you telling me? Are you saying that you actually do have a job? If so, are you self-employed or do you work for a company?

The reason I ask is because if you work for someone else - an employer who has the responsibility of paying others for work done - then the chances are relatively good that you work for someone who also invests in the stock market either directly or indirectly through a money market account.

If that is true, then I sure hope that your employer's investments aren't negatively impacted by the attack on the NYSE by the protesters and Anonymous. Otherwise, he might wind up having to make one of those difficult decisions to lay off some people (possibly even you) so that he can afford to remain in operation and to continue employing a few of your co-workers.

But what does it matter to you if your own job is possibly put at risk by these protests? Like you said...

Originally posted by b3l13v3
Unfortunately it is not in the interest of everyone that your business and money take higher priority than starting a revolution with aims to reconstruct the way we handle socioeconomic issues.

@ Underworlds:

How can erasing the NYSE from the internet erase a persons ca$h?
It can't.
Paper Money leaves a trail. Trails lead somewhere.
Electronic data can be created, destroyed and faked.
Money can be printed and backed by nothing but words.
Don't believe the negative hype.
If a bank ATM loses power does it lose your money 2?
Your account information? No all banking data is backed up.
A person's Prodigy eMail written in DOS from 1990 is still out there somewhere in the Internet.
The Anonymous Video & Plan in question may be a fake.
If they do take down anything it'll probably just be the public access to the NYSE, the frickin' Web Page and only just for a few minutes.
Banks have back-up systems, the best that $ can buy.

Originally posted by ~Lucidity
Fool me once...

They wiped out my 401K already, but that only made me wiser and more vigilant. Maybe if the rest of the "middle class" got wiped out as well, they'd finally see what many of us have already learned the hard way and they'd stop supporting these crooks and the government that enables them and we'd finally some real change, reform, and action around here. With progress comes pain. Getting out of this mess isn't going to be easy for anyone on any level...except for perhaps that 1% everyone keeps talking about.

You already closed your checking account and withdrew what little was left from your 401(k), right? You shredded all your credit cards? You returned your car to the dealership and canceled your interest-bearing loan from the bank? You cancelled your mortgage too, right?

I sure hope so. Otherwise, you're still providing full support to that so-called 1% with each and every penny that you provide to the banks in interest and fees.

Probably the funniest thing about this entire protest is that if the banks do suffer as a result of the protest then it is inevitable that the government will have no choice but to step in and bail them out again with even more taxpayer dollars. You see, those politicians that are selling you out by bailing out the banks... they make six figures, they also invest in the markets, and they use credit cards more regularly than you use toothpaste. There's no way possible that they are going to allow the banks to fail. At least, not the larger banks.

Originally posted by seedyg
How can erasing the NYSE from the internet erase a persons ca$h?

It erases a person's cash by causing the person that is invested in companies through the stock market to lose money through declines in stock prices. Erase the NYSE and expect the larger investors to be dumping their shares in order to avoid possible losses due to panic amongst investors. With the dump comes price declines. The smaller investors (such as myself) who cannot just pick up the phone and call a broker without having to pay hundreds of dollars in broker fees takes the heaviest losses.

reply to post by Underworlds

What a jokester you are. The only thing that the NYSE does is enable people, including the poor and middle class, to buy and sell stocks in companies. If a person is not knowledgeable enough to invest, it isn't the fault of the NYSE.

As long as you see invest as what really is.... just gambling. And guess what... casino ALWAYS win.

reply to post by Underworlds


NYSE is not necessarily the problem, it is the corporations which make up the bulk of the NYSE that is the problem.

Honestly, OP, I'm not here to play games or debate with you. People have waited for revolution for so long, and people on this forum have been generally aware of the corruption of financial institutes, corporations and the "politicians" who we're "lobbied" by those whom which make up the NYSE. These people who are aware are generally happy that some form of demonstration is coming to fruition.

What are you telling me? Are you saying that you actually do have a job? If so, are you self-employed or do you work for a company?

Currently self-employed and furthering my education. All at my own expense. But, I did get a kick out of the passive-aggressiveness. Cute. I think you'd be surprised to find that a large majority of the activists supporting this movement are employed.

The ball is rolling, like it or don't.

Originally posted by b3l13v3
Currently self-employed and furthering my education. All at my own expense.

I congratulate you on funding the furtherance of your education from your own pocket, and for establishing your own business. Have you considered who it is that you do business with? You know, the guys that made it possible for you to have the money to start and operate your business and to fund your own education. Are they just common people, or do you do business with other companies - maybe even some of those wicked corporations that make up the bulk of the NYSE?

If you do business with other businesses, you'll probably surprise yourself to discover that some of them might very well be publicly traded companies either listed on the NYSE or the OTCBB. If not a publicly traded company, they could also be DBA's of those corporations, or they may aspire to incorporate and go public one day.

As a business owner, I assure you that your business will not go far if you actively participate to destroy your customers. I mean, how can your customers do business with you and pay you for your products and-or services if your actions contributed to their revenue and capital losses?

Originally posted by b3l13v3
I did get a kick out of the passive-aggressiveness. Cute.

Thanx. Glad you appreciated it.

Originally posted by b3l13v3
I think you'd be surprised to find that a large majority of the activists supporting this movement are employed.

I wonder how many of them will still be employed after they have caused ruination for those corporations that they work for, or those corporations that the businesses that they work for do business with. I also wonder how many of their family members and friends who have jobs will lose those jobs because of their shenanigans.

I don't think any of these people understand how the stock market works and who's money is actually in it.

Close to 45% of working class folks have some kind of money tied to the stock exchange. Anyone with a 401k or other retirement vehicles. And pretty much anyone running a business is tied to the NYSE is some fashion or another.

But you're not going to get positive responses from these people. All you're gonna get is "hang 'em he's with the corporations!"

They live by the adage We are "99%". You Will Be Assimilated. Resistance is Futile.

Originally posted by projectvxn
I don't think any of these people understand how the stock market works and who's money is actually in it.

Close to 45% of working class folks have some kind of money tied to the stock exchange. Anyone with a 401k or other retirement vehicles. And pretty much anyone running a business is tied to the NYSE is some fashion or another.

But you're not going to get positive responses from these people. All you're gonna get is "hang 'em he's with the corporations!"

They live by the adage We are "99%". You Will Be Assimilated. Resistance is Futile.

Finally! I was afraid that I was the only one on ATS still using some portion of my brain. It's a breath of fresh air to discover that there are still some as yourself who actually think with a clear head.

Originally posted by Underworlds
Finally! I was afraid that I was the only one on ATS still using some portion of my brain. It's a breath of fresh air to discover that there are still some as yourself who actually think with a clear head.

Saying anything like that makes you no better than the activists who call everyone with opposing interest morons.

The system is rigged and that is my educated opinion, I'm not going to use insults to express my opposing idea.

Maybe this will help bring you folks a lighter idea on the movement.

reply to post by b3l13v3


John Stewart is a liberal who takes every opportunity on his show to poke fun at and to insult Republicans. He even went as far as to compare Sarah Palin's tour to "herpes advertising". OF COURSE he's going to support the OWS protests. It is in the socialist agenda for the liberal leftists that the economy must be destroyed so that a socialist nation can arise from the ashes of the Republic.

The Ends justify the means.. come let us do evil that good may come...sound familiar?